Rincon Resources Limited (ASX: RCR) has provided a report on its activities for the quarter ended December 31, 2021.
The company has a 100% interest in three highly prospective copper and gold projects in Western Australia: the South Telfer Copper-Gold Project, Laverton Gold Project and Kiwirrkurra Copper-Gold Project. Each project has been subject to historical exploration, which has identified large outcropping mineralised systems. The company is planning and executing systematic exploration of these projects, aiming to delineate copper and gold resources.
Highlights
South Telfer Copper-Gold Project
- Assay results received for the maiden 27-hole (4,944m) reverse circulation (RC) drilling programme at Hasties.
- Multiple wide, shallow high-grade copper and gold zones intersected. Significant results include:
o 21STRC011 – 42m @ 1.17g/t Au & 0.26% Cu from surface including:
- § 12m @ 2.53g/t Au from surface;
- § 7m@0.86%Cufrom13m(incl.3m@1.11%Cu&1m@1.76%Cu);&
- § 5m @ 0.99% Cu from 95m (incl. 1m @ 3.06% Cu).
o 21STRC018 – 62m @ 1.06g/t Au & 0.32% Cu from 4m including:
- 9m @ 2.94g/t Au from 21m (incl. 5m @ 4.23g/t Au);
- 4m @ 1.49g/t Au from 34m;
- 4m @ 1.56g/t Au from 42m; &
- 20m @ 0.5g/t Au & 0.85% Cu (incl. 8m @ 1.20% Cu).
- Phase 2 drilling programme commenced with up to 5,000m of RC and DD planned to test gap between the Hasties Main and Hasties South-East zones, and extensional targets.
- 7 RC holes completed during the period for a total of 1,476m, balance of the Phase 2 drilling programme to be completed during Q1 CY2022.
- Successful application for Exploration Incentive Scheme (EIS) grant of up to $75,000 to co- fund diamond drilling at Hasties Prospect.
Kiwirrkurra Copper-Gold Project
- Thirteen priority targets identified within project area including two high priority Iron-Oxide- Copper-Gold (“IOCG”) style copper-gold targets identified at the Pokali Prospect (Pokali).
- Up to 3,000m of RC and diamond drilling planned to test high-priority IOCG-stylecopper-gold targets at Pokali – permitting process underway.
- Successful application for Exploration Incentive Scheme (EIS) grant of up to $150,000 to co- fund diamond drilling at Pokali Prospect.
- Mineral Exploration and Land Access Deed of Agreement (“DOA”) negotiated and executed with Tjamu Tjamu (Aboriginal Corporation) RNTBC for the Kiwirrkurra Copper-Gold Project.
- New tenement applications increase project landholding to approximately 200 sq. km.
For further information please visit: https://www.rinconresources.com.au/
